Here is a real estate development project of an oceanfront land in Santa Barbara,California.This 264.49 acres has been called several names:, The Jewel of the West ,The Jewel of The Pacific, The Jewel of California and has been ranked as one of the 4 most beautiful lands in USA..
The following brief financial study of the property along with its pictures would give the investor a clear idea about this golden opportunity.
IMPORTANT: This Pacific Oceanfront piece of land was appraised in 2007 at $106 million and the appraisal has been sent to you in a previous email..
Size of the land: 264.49 acres
Zoned for : 70 homes
Location : Pacific Oceanfront In Santa Barbara-California
Asking Price : $65 Million
Intro : It is known as one of the 4 most beautiful pieces of land
In United State
Appraised At : $ 106 million
Note:
It is made up of legally subdivided 6 lots yet physically it is one single lot.
Although the requirement in that location is 30% of the size of this land can be a buildable area
being 80 acres yet the county compelled by the environmentalists to allow only 15 % being 40 acres